Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6.87 ac N Main Street Hillsville, VA 24343

    View on Map
    Claim this Listing
    For Sale
    $55,900

    Vacant Land - Hillsville, VA

    Lot size:
    6.87 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 12 at 8:06 am

    Property Features for 6.87 ac N Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    280-3-25, 280-3-26, 280-A-5, 280-A-6
    Lot size
    6.87 Acres

    Taxes and HOA fees

    Tax Annual Amount
    586

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rebecca Freeman

    Listing agent Rebecca Freeman

    Listing office Uptown Properties, LLC - Wytheville 325 E. Main Street, Wytheville, VA

    Listing date Feb 20, 2026

    MLS# 11660203 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hillsville Land with Development Potential

    This 6.87-acre property consists of four lots and is primarily wooded. The land is suitable for development and has road frontage on North Main Street, Forest Drive, and Crestview Lane in Hillsville, Virginia. Town water and sewer services are available. Located within the town limits, the property is near local restaurants and a Food Lion on Main Street. It is also located approximately 10 minutes from Interstate 77. The town of Hillsville is experiencing growth and hosts bi-annual flea markets. The property is located close to the Blue Ridge Parkway, offering recreational opportunities and scenic views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hillsville
    County
    Carroll
    State
    Virginia
    Longitude
    -80.743368
    Latitude
    36.776282

    Nearby Similar for Sale

    • $219,900
      1,228 SF

      Hillsville Office Building on Highway

      Commercial office building with high traffic and income potential.
      1111 W Stuart Drive, Hillsville, VA 24343
      View Details
    • $18,000

      Historic Church in Blue Ridge

      Historic church on 0.3 acres in the Blue Ridge Mountains.
      25 Sawmill Holler Rd lot: 64, Hillsville, VA 24343
      View Details
    • $875,000
      16,766 SF

      Hillsville Multi-Family Investment Opportunity

      Two commercial buildings in Hillsville, VA, offering immediate income.
      522&516 N Main St, Hillsville, VA 24343
      View Details
    • $459,800

      Hillsville Farm Ready for Livestock

      56.81 acres equipped for livestock and agricultural use.
      954 Island Creek Drive, Hillsville, VA 24343
      View Details
    • $699,900

      Commercial Land Near Interstate 77

      3.132 acres of commercial land with high traffic exposure.
      218 Ballpark DR, Hillsville, VA 24343
      View Details
    • $699,900

      Hillsville Commercial Land For Sale

      3.132 acres of commercial land with high traffic frontage.
      218 BALL PARK Drive, Hillsville, VA 24343
      View Details
    • $699,900

      Commercial Land Near Interstate 77

      3.132 acres of commercial land with frontage on Hwy 58.
      218 Ball Park Drive, Hillsville, VA 24343
      View Details
    • $49,900

      Residential Lot in Country Woods

      0.93 acre lot with utilities in Hillsville, Virginia.
      170 Wood Lane lot: 16, Hillsville, VA 24343
      View Details
    • $5,500

      Land with Mountain View Potential

      Buildable lots with utilities and community amenities.
      Buck Hollar Rd. lot: 17, Hillsville, VA 24343
      View Details
    • $4,500

      Groundhog Mountain Buildable Lots

      Residential lots with long-range views and essential utilities.
      Buck Hollar Rd. lot: 4, Hillsville, VA 24343
      View Details
    • $6,500

      Groundhog Mountain Buildable Lots

      Land for sale with utilities and community amenities.
      Buck Hollar Rd. lot: 38, Hillsville, VA 24343
      View Details
    • $5,500

      Groundhog Mountain Buildable Lots

      Buildable lots with long-range views and community amenities.
      Antler Point lot: 28, Hillsville, VA 24343
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 6.87 acres of wooded land suitable for building lots.
    Where is this residential land & home lot located?
    The property is located at 6.87 ac N Main Street Hillsville, VA.
    What is the asking price?
    The asking price for this property is $55,900.
    What are key features of this property?
    This property features: 6.87 acres comprised of 4 lots, suitable for building.; Town water and sewer available.; Road frontage on three streets: North Main Street, Forest Drive, and Crestview Ln.
    (276) 613-3751
    We can help!
    Listing Contact
    Rebecca Freeman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!